Ja­pan posts eighth straight cur­rent ac­count sur­plus at end of Fe­bru­ary

The China Post - - WORLD BUSINESS -

Ja­pan’s cur­rent ac­count sur­plus more than dou­bled year- on- year in Fe­bru­ary, with lower oil prices help­ing nar­row trade deficits and a weaker yen boost­ing repa­tri­ated re­turns on for­eign in­vest­ment, of­fi­cial data showed Wed­nes­day.

Ja­pan logged a sur­plus of 1.44 tril­lion yen (US$12 bil­lion), up 140.5 per­cent from a year ear­lier, the fi­nance min­istry said, as the na­tion posted a sur­plus for the eighth straight month.

The cur­rent ac­count is the broad­est mea­sure of the coun­try’s trade with the rest of the world, mea­sur­ing not only trade in goods but also ser­vices, tourism and re­turns on for­eign in­vest­ment.

In Fe­bru­ary, Ja­pan’s deficit in mer­chan­dise trade shrank by 75.0 per­cent

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